263 Canice Street
Orillia, ON
- 12 bed
- 12 bath
- approx. 2500-3000 sqft
- Multiplex
- 127 days on market
Incredible investment opportunity in Orillia. Fully occupied 12-unit apartment building with stable income from day one.The property generates approximately $189,322 annually and is supported by long-term, quality tenants. A well-balanced unit mix and strong occupancy make this a reliable asset with clear potential for future rent growth.One of the key advantages is the location. The building is within walking distance to the lakefront, parks, and scenic trails, offering easy access to nature, waterfront views, and outdoor activities. This lifestyle factor strongly attracts tenants and supports long-term demand.Located in a rapidly developing area, Orillia continues to grow, with expanding infrastructure and increasing interest from young professionals.This is a clean, straightforward investment with solid fundamentals, consistent cash flow, and long-term upside.
Virtual Tour
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Listing Details
- Taxes (2025)
- $19,362
- Listed
- April 30, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Unknown
- Interior
- None
- Lot Size
- 125 x 105 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 12
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Canice/Borland St. E
- Parcel Number
- 586590080
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 12 fridges, 12 stoves, 2 washer, 2 dryers
Schools
Elementary
- Monsignor Lee Separate School0.4 km
Catholic · Simcoe Muskoka CDSB · 395 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Lions Oval Public School0.9 km
Public · Simcoe County DSB · 440 students
Grade 3 reading: 63% met the provincial standard · Grade 6 math: 47% met the provincial standard
- Orchard Park Elementary School1 km
Public · Simcoe County DSB · 530 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 44% met the provincial standard
Secondary
- Patrick Fogarty Catholic Secondary School1.3 km
Catholic · Simcoe Muskoka CDSB · 720 students
Grade 10 literacy: 83% met the provincial standard
- Orillia Secondary School1.5 km
Public · Simcoe County DSB · 1275 students
Grade 10 literacy: 83% met the provincial standard
- Twin Lakes Secondary School3.1 km
Public · Simcoe County DSB · 835 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 540
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 540 recorded sales of residential freehold properties in Orillia over the last 12 months.
Listed by
GRANGE HALL REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$519,800
Estimated Monthly Payment
$12,768
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $12,768/mo (20% down, 5.5%)
Taxes: $1,614/mo · Insurance: $650/mo
Estimates only. Consult a financial advisor.
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